Knowles Corp. (KN) Research Coverage Started at Susquehanna
Analysts at Susquehanna assumed coverage on shares of Knowles Corp. (NYSE:KN) in a research report issued on Tuesday. The brokerage set a “negative” rating and a $12.00 price target on the stock. Susquehanna’s price objective suggests a potential downside of 14.04% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on KN. Zacks Investment Research cut shares of Knowles Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Benchmark Co. started coverage on shares of Knowles Corp. in a research report on Wednesday, June 29th. They set a “hold” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Knowles Corp. in a research report on Tuesday, September 6th. They set a “neutral” rating and a $15.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Knowles Corp. has a consensus rating of “Hold” and an average price target of $17.00.
Knowles Corp. (NYSE:KN) traded down 2.85% during trading on Tuesday, hitting $13.96. 761,813 shares of the company were exchanged. Knowles Corp. has a 12 month low of $9.68 and a 12 month high of $22.33. The company’s market capitalization is $1.24 billion. The company has a 50-day moving average of $13.90 and a 200-day moving average of $13.82.
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Knowles Corp. (NYSE:KN) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Knowles Corp. had a negative net margin of 26.09% and a positive return on equity of 4.04%. The firm earned $190.30 million during the quarter, compared to analysts’ expectations of $189.88 million. During the same quarter last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts forecast that Knowles Corp. will post $0.86 EPS for the current year.
In related news, VP Thomas G. Jackson sold 3,764 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $13.42, for a total value of $50,512.88. Following the completion of the sale, the vice president now directly owns 32,059 shares in the company, valued at $430,231.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.49% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. State Treasurer State of Michigan increased its stake in Knowles Corp. by 1.4% in the second quarter. State Treasurer State of Michigan now owns 35,511 shares of the company’s stock worth $486,000 after buying an additional 500 shares during the last quarter. Raymond James Trust N.A. increased its stake in Knowles Corp. by 4.3% in the second quarter. Raymond James Trust N.A. now owns 13,910 shares of the company’s stock worth $190,000 after buying an additional 574 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Knowles Corp. by 3.7% in the second quarter. Eqis Capital Management Inc. now owns 17,353 shares of the company’s stock worth $237,000 after buying an additional 613 shares during the last quarter. FDx Advisors Inc. increased its stake in Knowles Corp. by 1.5% in the second quarter. FDx Advisors Inc. now owns 46,728 shares of the company’s stock worth $639,000 after buying an additional 672 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Knowles Corp. by 2.0% in the first quarter. BlackRock Inc. now owns 34,887 shares of the company’s stock worth $459,000 after buying an additional 693 shares during the last quarter.
Knowles Corp. Company Profile
Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.
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